Sell Tesla, Inc. (TSLA) If You Don't Like Musk's $1 Trillion Package, Says Jim Cramer

We recently published 15 Stocks Jim Cramer Discussed As He Said CEOs Were Afraid Of Hiring. Tesla, Inc. (NASDAQ:TSLA) is one of the stocks Jim Cramer recently discussed.

Tesla, Inc. (NASDAQ:TSLA)’s iconic CEO, Elon Musk, was in the news again after the firm announced a new pay package that could see him become a trillionaire over the next couple of years. Naturally, Cramer had a lot to say about the development as he defended the package:

“I feel that, uh, again, I always feel the same. I once said this to the people at Disney, when people were saying that Bob Iger was being paid too much, well then sell the stock. This is just, you can walk. I think he’s worth every penny.

“[On targets linked to the package] Yeah well I think his politics have really hurt his sales. But I stopped looking at this thing as a car company a long time ago. This is robots. This is, NVIDIA and robots. And it’s autonomous and those are the two biggest markets in the world. Autonomous, 2030, and robot, 2030. These are five years from now. And that’s, those are the two biggest most dominant markets and we’re not even investing in those other than Tesla and NVIDIA.

“[On whether TSLA could be 2x NVDA’s market cap] No, no, I just do think that they’re the ones I’m looking to for the best robot and for the best [inaudible].

“You don’t have to be in Tesla. You can go be in something that you think, you can go be in Microsoft. . .we have free choice. We have free will. And these packages, we always seem like, well you know, the government’s got to strike it down. It isn’t right. No, just sell. If you really think it’s that bad, sell. I don’t think it’s that bad.I want to own stocks that make me money. I don’t care how much the top guy is being paid if the stock makes me money.  I don’t. I never have.

“[On if he was still considering earnings and deliveries down] No, because I just keep thinking, who has got the vision to be able to really come up with the robots that Collette Kress, the CFO of NVIDIA tells me are coming. And who’s going to build them. And I know there’s an outfit in Norway that’s got the, you know, that right now has the best. But they don’t scale. What you like with Elon is that he knows how to scale things. So if he gets the right technology, we’ll all have our robot. We’ll get it from Amazon. I don’t know, initially it’ll cost us twenty thousand dollars and then it’ll cost us two thousand dollars.

“Yes, I think has everybody has to rely less on China.”

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Disclosure: None. This article is originally published at Insider Monkey.